CNBC.com Delivers New Personal Finance Tools, Services, and Resources

December 20, 2000



FOR IMMEDIATE RELEASE



FOR IMMEDIATE RELEASE  

CONTACT:                Mike Fischer/Helen Medvedovsky                      Abbe Groffman
                                Stanton Crenshaw                                              CNBC.com
                                212/780-1900                                                        201/346-5864
                                mfischer@stanton-crenshaw.com                       abbe.groffman@nbc.com
                                helen@stanton-crenshaw.com

CNBC.com DELIVERS NEW PERSONAL FINANCE TOOLS, SERVICES, AND RESOURCES

 

Fort Lee, NJ, December 20, 2000 – CNBC.com, the Internet’s premier site for financial information and analysis, has enhanced its Personal Finance front page (http://www.cnbc.com/finance/index.html) with new tools, services and resources to help informed investors better manage every aspect of their financial affairs, CNBC.com COO Bob Meyers announced today. “CNBC.com now offers a comprehensive view of personal finance,” said Meyers.  “By leveraging the new tools, services and resources available from CNBC.com and its finance, insurance, and retirement partners, informed investors can examine if interest rates are competitive, insurance policies are sufficient and retirement plans will meet future needs.”  

The enhanced Personal Finance front page reorganizes news and feature stories according to categories such as Retirement,
 Mutual Funds, Loans, Women’s Investing, Insurance, Taxes and Small Business.  New features include:

*        Services:  Users can leverage CNBC.com’s high quality partnerships to get competitive quotes from banks and insurance companies, find a personal advisor, compare rates, and obtain objective retirement research.  Active message boards cover each of the personal finance categories, so users can exchange lay opinions.

*         Tools:  CNBC.com also offers do-it-yourself tools, including its best-in-class portfolio tracker, account aggregation, the unique new “detachable” ticker, and a comprehensive set of financial calculators.

To provide its users with the most current and comprehensive personal financial information, CNBC.com is complementing its own financial data and analysis with industry expertise from the following partners:

·         Bankrate.com (NASDAQ: RATE) – As a personal finance partner, Bankrate.com enables investors to compare the interest rates for mortgages, certificates of deposit, auto loans and credit cards.

·         financeware.com – As a personal finance partner, financeware.com offers innovative wealth management tools, probability analysis and an Advisor Directory to help investors identify and connect online with an appropriate advisor.

·         Insure.com – As a partner for the Insurance Center, Insure.com delivers the latest insurance industry news, trends and developments and provides insurance tools including a library of articles covering the basics of insurance and industry news for consumers, a state-by-state insurance guide and insurance company complaint finder.

·         InsureConnection.com – As a partner for the Insurance Center, InsureConnection.com also delivers the latest insurance industry news, trends and developments and serves as an insurance aggregator providing insurance quotes from multiple insurers.

·         LendingTree (NASDAQ: TREE) – As the exclusive lending partner for the Loan Center, the leading online loan marketplace, LendingTree.com enables users to quickly and easily submit a loan request for a mortgage, home equity, or car loan online, and, if qualified, receive up to four real loan offers back within 24 hours.

·         mPower --  As a retirement partner, mPower delivers objective advice and retirement planning services specifically for 401k programs and IRA accounts.

According to Media Metrix, CNBC.com  attracted 1.2 million unique users in October 2000 and continues to be the Web’s “stickiest” financial news site.  Registered users spent an average of 29 minutes on the CNBC.com site and scrolled through more than 21 unique pages in that month.  In total, CNBC.com has more than 1.7 million registered users.

About CNBC.com

CNBC.com (http://www.cnbc.com), a unit of General Electric (NYSE: GE), is the indispensable financial resource for today's informed investor. CNBC.com democratizes Wall Street by providing original, personal, and relevant information, which helps investors profit from today's lightning-paced financial activity. By leveraging access provided by CNBC, the recognized world leader in business news, the site brings users an insider's view of the financial markets in an interactive format. CNBC.com offers real time data, customized charts, portfolios, and stock tickers, as well as company news, e-alerts with breaking information, and top quality investing tools and analyses. CNBC.com also assists investors with long-term financial planning and personal finance by providing information, analysis and tools on mutual funds, new financial products, retirement planning, job hunting, career management, personal borrowing, tax planning and starting a small business.

 





 
   
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